While month-over-month cash sales shares increased from October to November 2015, annual shares were down. The largest percentage of cash sales were REO, and the state with the most cash sales was Michigan. …read more
From:: Real Estate Wire
DIMONT, Phoenix ABS announce partnership and product integration
DIMONT, a provider of specialty insurance and loan administration services to the residential and commercial financial industries, announced a partnership with Phoenix ABS, a technology solution provider for residential-mortgage backed securities and residential whole loan investors, as well as property preservation companies and lenders. …read more
From:: Real Estate Wire
Mayer Brown welcomes consumer financial services group
Mayer Brown announced an industry leading consumer financial services group of partners led by Laurence Platt, Phillip Schulman, Melanie Brody and Jonathan Jaffe joined the firm, representing an addition to its global Financial Services Regulatory & Enforcement practice. Steven Kaplan will join Tom Delaney as co-leader of the firm’s practice. …read more
From:: Real Estate Wire
Mayer Brown welcomes consumer financial services group
Mayer Brown announced an industry leading consumer financial services group of partners led by Laurence Platt, Phillip Schulman, Melanie Brody and Jonathan Jaffe joined the firm, representing an addition to its global Financial Services Regulatory & Enforcement practice. Steven Kaplan will join Tom Delaney as co-leader of the firm’s practice. …read more
From:: Real Estate Wire
U.S. stocks close lower but log 2nd straight weekly rise
U.S. stocks closed slightly lower Friday, but logged a second straight weekly gain as oil prices stabilized. The S&P 500 finished 3,68 points, or 0.2%, lower at 1,948.01. The Dow Jones Industrial Average closed 57.52 points, or 0.3%, lower at 16,639.83. The Nasdaq Composite closed 8.27 points, or 0.2%, higher at 4,590.47.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
California considering bill that would help widowed spouses keep their homes
A new bill introduced in the California State Senate would establish a Homeowner Survivor Bill of Rights, which is designed to help widowed spouses and children stay in their homes after the primary mortgage holder passes away. …read more
From:: Real Estate Wire
5 things real estate agents should know about low down payment options
Many homebuyers confide in real estate agents and loan officers to find them the best price, but real estate agent Bill Gassett says some real estate agents may not understand the value of knowing about all of the low down payment options available to their clients. …read more
From:: Real Estate Wire
Oil settles lower, but gains for the week
Oil futures turned lower late Friday, but still finished the week higher for the second time in a row as the market continued to mull the likelihood of a slowdown in global production. West Texas Intermediate crude “ran into some resistance technically” and pulled back, said Colin Cieszynski, chief market strategist at CMC Markets. Prices also likely saw some “profit-taking ahead of the weekend just like we’ve been seeing in the Dow today.” April West Texas Intermediate crude fell 29 cents, or 0.9%, to settle at $32.78 a barrel on the New York Mercantile Exchange. It gained more than 3% for the week.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Oil settles lower, but gains for the week
Oil futures turned lower late Friday, but still finished the week higher for the second time in a row as the market continued to mull the likelihood of a slowdown in global production. West Texas Intermediate crude “ran into some resistance technically” and pulled back, said Colin Cieszynski, chief market strategist at CMC Markets. Prices also likely saw some “profit-taking ahead of the weekend just like we’ve been seeing in the Dow today.” April West Texas Intermediate crude fell 29 cents, or 0.9%, to settle at $32.78 a barrel on the New York Mercantile Exchange. It gained more than 3% for the week.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Southwestern Energy’s stock tumbles as outlook prompts analyst to throw in the towel
Southwestern Energy Co.’s stock tumbled 19% in active afternoon trade Friday, as oil and gas company’s 2016 operational outlook prompted analyst Jonathan Wolff at Jefferies to swing to bearish from bullish. Wolff slashed to stock’s rating to underperform, after being at buy for the last year. He cut his stock price target to $4, which is 27% below current levels, from $11, which was 62% above Thursday’s closing price of $6.77. The company provided late Thursday a 2016 production outlook that Wolff said was well below expectations, and said it currently had no rigs running. Wolff said financial leverage could become a concern, given Southwestern’s current cash flow position relative to its high debt burden. “Clearly, we were too optimistic about [Southwestern’s] ability to navigate weak macro conditions,” Wolff wrote in a note to clients. Wolff had kept his buy rating since Feb. 2, 2015 despite the stock tumbling 74% through Thursday’s close, and despite the company announcing in January it would lay off about 45% of its workforce. “Recent staff reductions may have come too late,” Wolff wrote, “given the now urgent need to address lofty debt levels rather than on focusing on maintaining the asset base.”
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News